Goldcorp Inc. (GG) Receives Consensus Rating of “Buy” from Analysts
Shares of Goldcorp Inc. (NYSE:GG) (TSE:G) have received an average recommendation of “Buy” from the twenty analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $17.85.
A number of equities analysts have recently commented on the stock. ValuEngine downgraded shares of Goldcorp from a “hold” rating to a “sell” rating in a research note on Thursday. Credit Suisse Group upgraded shares of Goldcorp from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $15.50 to $19.00 in a research note on Monday, January 15th. Scotiabank set a $18.00 price objective on shares of Goldcorp and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Jefferies Group set a $16.00 price objective on shares of Goldcorp and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Finally, Canaccord Genuity downgraded shares of Goldcorp from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th.
A number of large investors have recently modified their holdings of GG. Cerebellum GP LLC acquired a new stake in Goldcorp in the 4th quarter valued at about $133,000. Private Advisor Group LLC acquired a new stake in Goldcorp in the 3rd quarter valued at about $137,000. Belpointe Asset Management LLC acquired a new stake in Goldcorp in the 4th quarter valued at about $141,000. Stephens Inc. AR acquired a new stake in Goldcorp in the 3rd quarter valued at about $173,000. Finally, Lombard Odier Asset Management Europe Ltd acquired a new stake in Goldcorp in the 4th quarter valued at about $179,000. Institutional investors and hedge funds own 52.10% of the company’s stock.
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Goldcorp Company Profile
Goldcorp Inc is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. The Company is engaged in the sale of gold, silver, lead, zinc and copper. The Company’s segments include Red Lake Gold Mines Ontario Partnership (Red Lake), Goldcorp Canada Ltd./Goldcorp Inc (Porcupine), Musselwhite, Les Mines Opinaca Ltee (Eleonore), Minera Penasquito SA de C.V.
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